AI Networking: Scale-up Technology Enables China‘s AI Supernodes

研报英文原文证据摘录

AI Networking: Scale-up Technology Enables China‘s AI Supernodes

Idea

July 27, 2026 09:00 PM GMT

Morgan Stanley Asia Limited+MGreater China Semiconductors | Asia Pacific Ethan Jia

Research Associate

AI Networking: Scale-up Ethan.Jia@morganstanley.comMorgan Stanley Taiwan Limited+ +852 3963-2287

Charlie Chan

Equity AnalystTechnology Enables China's AI Charlie.Chan@morganstanley.com +886 2 2730-1725

Daniel Yen, CFA

Equity AnalystSupernodes

Daniel.Yen@morganstanley.com +886 2 2730-2863

Following our WAIC takeaways, we further examine China's Morgan Stanley Asia Limited+

Daisy Dai, CFA

Equity Analystemerging scale-up landscape, the role of optical interconnect,

Daisy.Dai@morganstanley.com +852 2848-7310

and implications for the domestic interconnect supply chain.

Henry Zhao

AI Supernodes enabled by scale-up are becoming the focus of China's AI Henry.Zhao@morganstanley.com +852 2239-7731

computing landscape. Alongside our China WAIC takeaways, we provide an in-

Morgan Stanley Taiwan Limited+

depth follow-up study of China’s scale-up technology development. As we wrote in Tiffany Yeh

China's AI Accelerators – Who's Poised to Win?, Chinese AI GPUs are strong in Equity Analyst

Tiffany.Yeh@morganstanley.com +886 2 7712-3032

optical networking and server rack design at the system level, although they remain

Lucas Wang

constrained by wafer process technology at the chip level ( Exhibit 6 ). These chip- Research Associate

level constraints are shifting competition in China's AI computing market from Lucas.Wang@morganstanley.com +886 2 2730-2875

standalone chip specs to system solutions. WAIC 2026 featured fewer chip launches

and more supernode solutions. Leading domestic accelerator vendors displayed

rack-scale or multi-rack supernodes with scale-up domains of 64 accelerators or